Current:Home > reviews2024 Paris Paralympics: Paychecks for Medal Winners Revealed -WealthMindset Learning
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-17 15:46:40
A lot of winners will be leaving Paris with medals and some cash in hand.
When athletes make their way to the winners' podium at the 2024 Paralympics to take home their gold, silver or bronze medal, they’ll also be taking some money. Although funding varies by country, equal pay is a highlight for many this year.
For Team USA Paralympians, the U.S. Olympic and Paralympic Committee awards the same bonuses as their Olympic counterparts, with gold medalists being awarded $38,000, silver medalists with $23,000 and bronze medalists with $15,000, according to CNBC.
Of the change made in 2018—previously, gold earned $7,500, silver with $5,250 and bronze with $3,750 per the New York Times—swimmer Brad Snyder told Team USA ahead of the 2024 Games, “I’m proud to note are the same for Olympians and Paralympians, not only made winning that much sweeter, but also allowed me to make significant investments for my future.”
The move—called Operation Gold—was implemented after topping the charts at the PyeongChang Winter Games, with USOC CEO Sarah Hirshland saying at the time, “Paralympians are an integral part of our athlete community and we need to ensure we’re appropriately rewarding their accomplishments.”
Eligible athletes and their dependents also continue to receive healthcare packages, per the USOC website. It’s a package that includes medical care, therapy, mental health service, vision and access to sports medicine facilities.
Meanwhile, the Canadian Paralympic Committee shared this January that the country’s Paralympians would receive a bonus for the first time beginning at the 2024 Paris Games—and it’s equal to what Olympians are awarded. Gold medalists will come home with 20,000 Canadian dollars ($14,786 in USD), silver with CA$15,000 and bronze with CA$10,000.
It was a relief for Canadian Paralympians like 14-time swimming medalist Aurélie Rivard, who earned bronze during the 50m freestyle Aug. 29.
"The first word that came out of my mouth was 'finally,'” she told CBC earlier this year. “We've been pushing for this for a long time. I was so relieved and happy and also proud of my country, of my federation, of everybody that contributed to it."
Host country France also announced in March that it would be doling out award money for its athletes. Gold medal winners receive 80,000 euros ($89,000), silver with 40,000 euros and 20,000 euros for bronze, according to the country’s National Sports Agency. The same goes for Spain, which also received a grant that provides Paralympians with the same bonus as Olympic medalists for the first time in history—94,000 euros for gold, 48,000 euros for silver and 30,000 euros for bronze.
Other countries, including Australia, Israel and South Korea, are also awarding the same pay as their Olympians for the 2024 Games. However, Malaysia has been providing equal cash rewards for its Paralympians and Olympians since 2016, leading the equal pay system.
Despite the collective changes made by several countries, not all have followed suit. For instance, Hong Kong would award 1.5 million Hong Kong dollars ($192,333) to Paralympic gold medalists, while their Olympic counterparts were given HK$6 million ($768,000 USD). And Singapore’s gold Paralympic medals receive 500,000 Singapore dollars ($380,000 USD)—half of what Olympic medalists do.
When the issue of award disparity was brought up in Singapore’s parliament in 2016, Minister Grace Fu Hai Yien shared that nongovernmental entities determine the rewards and are funded mainly by private sponsorships.
“Our focus has been on providing a sustained, structured and comprehensive support system to help our Team Singapore athletes for podium positions at Major Games,” she said of the government’s role. “Instead of focusing on post-podium rewards, we believe our role is to support our athletes upfront in their journey to the podium.”
(E! News and CNBC are part of the NBCUniversal family.)
For the latest breaking news updates, click here to download the E! News AppveryGood! (664)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Pennsylvania casinos ask court to force state to tax skill games found in stores equally to slots
- Duck Dynasty's Missy and Jase Robertson Ask for Prayers for Daughter Mia During 16th Surgery
- The Latest: Project 2025’s director steps down, and Trump says Harris ‘doesn’t like Jewish people’
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Is Australia catching the US in swimming? It's gold medals vs. total medals
- The Daily Money: The long wait for probate
- Christina Applegate opens up about the 'only plastic surgery I’ve ever had'
- Meet first time Grammy nominee Charley Crockett
- French police investigating abuse targeting Olympic opening ceremony DJ over ‘Last Supper’ tableau
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Olympics bet against climate change with swimming in Seine and may lose. Scientists say told you so
- Florida school board suspends employee who allowed her transgender daughter to play girls volleyball
- Boar’s Head expands recall to include 7 million more pounds of deli meats tied to listeria outbreak
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Double victory for Olympic fencer competing while seven months pregnant
- 'Tortillas save lives': Watch Texas family save orphaned baby bird named Taquito
- Pennsylvania casinos ask court to force state to tax skill games found in stores equally to slots
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
3 inmates dead and at least 9 injured in rural Nevada prison ‘altercation,’ officials say
2024 Olympics: Simone Biles Seemingly Throws Shade at MyKayla Skinner's Controversial Comments
Norah O’Donnell leaving as anchor of CBS evening newscast after election
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Delaney Schnell, Jess Parratto fail to add medals while Chinese diving stars shine
DUIs and integrity concerns: What we know about the deputy who killed Sonya Massey
Simone Biles' Husband Jonathan Owens Supports Her at 2024 Olympic Finals Amid NFL Break